Iran’s defense ministry has released footage of what it claims to be the world’s first submarine-launched loitering munition (suicide drone). A brief video run by state news shows a delivery device emerging from below the water, then blowing off its nosecone and ejecting a folding-wing drone into the air. The Iranian Ministry of Defense has […]
The International Air Cargo Association (TIACA) announced that the 2025 Executive Summit will be held in Hong Kong, June 24-26, 2025. This global event hosted by Cathay Cargo is expected to draw over 350 senior executives from across the globe for 2 full days of conference and networking. READ: Airfreight Rates Dip Amid Volatile Week “TIACA is […]
Global air freight rates ended a volatile week a little lower, according to the latest data from TAC Index, the market’s leading price reporting agency. In a week of on-off threats about tariffs on imports to the US – and potential retaliation from trading partners – the overall Baltic Air Freight Index (BAI00) calculated by TAC ended the […]
Dublin-based Avia Solutions Group (ASG), the world’s largest ACMI (Aircraft, Crew, Maintenance, and Insurance) provider, led by Gediminas Ziemelis, officially launched its Global Services Philippines centre in Manila, the Philippines. The new Avia Solutions Group Global Services Philippines will primarily focus on supporting the technical and flight operations of Avia Solutions Group airlines and MRO […]
President Donald Trump signed an executive order on February 1st imposing a 10% tariff and removing eligibility for use of the de minimis exemption for all Chinese imports to the US. Four days later he temporarily reinstated de minimis for Chinese imports to allow US Customs and Border Protection time to develop adequate systems to […]
Cathay Cargo has flown in around 70 horses that are participating in the Longines Hong Kong International Horse Show, which will be held at AsiaWorld-Expo between 14 and 16 February, 2025. The show, which sees top-flight equestrianism and show jumping returning to Hong Kong for the first time in more than five years, will feature […]
SG Holdings, a leading Japanese logistics company, today announced its acquisition of Morrison Express, a global freight forwarding and logistics service provider renowned for its expertise in semiconductor and high-tech logistics. This strategic acquisition will enhance the capabilities of the SG Holdings Group, significantly expanding on its Asian market presence and strengthening its position as […]
On Tuesday, following announcements from the U.S. and Israel that put the future of the Gaza ceasefire agreement in doubt, Yemen’s Houthi rebels issued a reminder that they could restart ballistic missile attacks if hostilities against Hamas resume. On January 15, Israeli Prime Minister Benjamin Netanyahu announced that an agreement for a ceasefire and […]
A.P. Moller Holding, an investment company and the parent company of the A.P. Moller Group, is investing in growing logistics operations in Spain and Latin America. It has signed a binding agreement to acquire 51 percent of Berge, the port and infrastructure company of Berge y Compañía, a diversified holding company based in Spain. The […]
Great Lakes Dredge & Dock has lost its appeal to reverse a Customs and Border Protection ruling that allows foreign rock-dumping vessels to compete more easily for U.S. offshore wind farm contracts. The U.S. 5th Circuit ruled that GLDD’s suit was speculative, finding that the harm to GLDD’s business interests had not yet occurred. […]
Efforts to develop the first LNG import terminal in South Africa are continuing to make progress with 2026 now targeted for a final investment decision. A terminal operator agreement was signed which provides for the design, development, construction, and operation of the terminal which would be located at the Port of Richards Bay on the […]
An inadequate anchoring operation and failure to use available charts to identify depths and a charted rock led to the loss of a cargo vessel operating in the U.S. Virgin Islands reports the National Transportation Safety Board (NTSB). The bureau issued a report highlighting a series of errors during a storm that contributed to the […]
